Zhi Tong Cai Jing·2025-12-09 03:20Group 1 - Oil stocks collectively declined, with PetroChina (00857) down 2.88% to HKD 8.43, Sinopec (00386) down 2.21% to HKD 4.42, CNOOC Services (601808) (02883) down 2.18% to HKD 7.19, and CNOOC (00883) down 1.95% to HKD 21.16 [1] - The ongoing peace negotiations between Russia and Ukraine are progressing slowly, with recent high-level meetings failing to reach an agreement, leading to a neutral to bearish impact on oil prices [1] - Everbright Securities reported that the "three major oil companies" are deepening reserves and production while strengthening cost control to respond to external uncertainties, highlighting their resilience during periods of declining oil prices [1] Group 2 - The "three major oil companies" are expected to achieve long-term growth that can withstand oil price cycles, emphasizing their long-term investment value [1]